Tharawat Magazine
By Tony Sekulich, October 24th, 2018
One thing can be gleaned from these four examples: no matter how big or successful the company, a smooth transition of power from one generation to the next can never be taken for granted.
- McCain Foods– Brothers in Disagreement
- The Gucci Feud
- Reliance Industries – When Splitting a Company in Two is Not Enough
- The Viacom Saga
Whether it’s due to a lack of planning, an unwillingness of the founding generation to hand over power and decision-making, or a next generation that feels entitled to more, failed succession planning in family businesses has led to dramatic outcomes all over the world. Here are four well-known examples…
